Power Integrations (NASDAQ:POWI) Rating Increased to Hold at StockNews.com

Power Integrations (NASDAQ:POWI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Other research analysts also recently issued research reports about the company. Benchmark restated a “buy” rating and set a $78.00 price target on shares of Power Integrations in a report on Friday, November 8th. TD Cowen reduced their target price on Power Integrations from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of Power Integrations in a report on Monday, August 5th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Power Integrations has an average rating of “Moderate Buy” and a consensus price target of $78.00.

Power Integrations Trading Down 1.9 %

Shares of NASDAQ POWI traded down $1.22 during mid-day trading on Thursday, hitting $62.11. The company had a trading volume of 481,060 shares, compared to its average volume of 409,857. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 94.11, a P/E/G ratio of 6.68 and a beta of 1.10. Power Integrations has a 1 year low of $56.63 and a 1 year high of $89.68. The stock’s 50-day moving average price is $62.38 and its 200-day moving average price is $67.95.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. The firm had revenue of $115.84 million during the quarter, compared to analyst estimates of $114.83 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Power Integrations will post 0.56 earnings per share for the current year.

Insider Activity

In related news, VP Sunil Gupta sold 2,127 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $65.90, for a total value of $140,169.30. Following the transaction, the vice president now directly owns 51,899 shares of the company’s stock, valued at approximately $3,420,144.10. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Doug Bailey sold 8,549 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the sale, the vice president now owns 86,375 shares of the company’s stock, valued at $5,610,920. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,947 shares of company stock valued at $713,190 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Power Integrations

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of Power Integrations by 69.8% in the 2nd quarter. GAMMA Investing LLC now owns 365 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 150 shares during the last quarter. Mather Group LLC. raised its stake in shares of Power Integrations by 22.8% during the second quarter. Mather Group LLC. now owns 868 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 161 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Power Integrations during the second quarter valued at approximately $63,000. Truvestments Capital LLC purchased a new position in Power Integrations during the third quarter valued at approximately $87,000. Finally, Quest Partners LLC grew its holdings in Power Integrations by 23.5% in the second quarter. Quest Partners LLC now owns 1,260 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 240 shares during the last quarter.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.